Market outlook for 06/01/2014

Nifty closed down 10.00 points (0.16%) at 6211.15 while Nifty Future closed at 6251.75, premium of 40.60 points.
Bank Nifty closed down 1.55 points (0.01%) at 11181.65 while Future closed at 11276.65, premium of 95.00 points.

• FII sold in Cash (Net sell 18.06 Crore)
• FII bought in index option but sold in index future, stock future (Net buy 150.62 Crore)
• DII sold in Cash (Net sell 280.77 Crore)
• Most Active Nifty Call Option: 6400 and 6300.
• Most Active Nifty Put Options: 6200 and 6100.
• Advance Decline for the day was 705:640.
• McClellan's oscillator for NSE at +24.

NIFTY TECHNICAL

Current Spot: 6211.15
Pivot: 6201
5DEMA: 6250
10DEMA: 6255
20DEMA: 6241
50DEMA: 6184
RSI (14 days): 48.67
Parabolic SAR: 6151
Supports: 6181 - 6151 - 6131
Resistance: 6231 - 6252 - 6282

Nifty Future VIX Range: 6196 - 6321
Nifty Future VWAP: 6231.89
MP Values Nifty Future: VAH - 6243, POC - 6232, VAL - 6221

TARGET NIFTY
Buy Nifty Future above 6256 - 6270 - 6295 - 6330 SL - 6232
Sell Nifty Future below 6229 - 6215 - 6185 - 6160 SL - 6243

BANKNIFTY TECHNICAL

Current Spot: 11181.65
Pivot: 11147
5DEMA: 11272
10DEMA: 11315
20DEMA: 11323
50DEMA: 11157
RSI (14 days): 46.45
Parabolic SAR: 11579
Supports: 11087 - 10992 - 10931
Resistance: 11242 - 11303 - 11398

Bank Nifty Future VIX Range: 11116 - 11488
Bank Nifty Future VWAP: 11213.72
MP Values Bank Nifty Future: VAH - 11267, POC - 11223, VAL - 11179

TARGET BANKNIFTY
Buy BankNifty Future above 11285 - 11345 - 11420 - 11540 SL - 11221
Sell BankNifty Future below 11210 - 11160 - 11035 - 10955 SL - 11233

INTRADAY TRADE
Reliance: Buy above 866 for targets of 871, 880 SL 861
Reliance: Sell below 860 for targets of 856, 848 SL 866
Niittech: Buy above 380 for targets of 383, 389 SL 376
TataElxsi: Buy above 414 for targets of 418, 426 SL 409

SCORE SHEET
Asianpaint: Buy above 501 for targets of 504, 509 SL 497: Call not Active
Godrejprop: Buy above 183 for targets of 185, 190 SL 179: Call not Active

POSITIONAL TRADE
Indoco: Buy above 156 for target of 172 SL 149 (2-3 Days)
Marksans: Buy above 19.4 for target of 21.0 SL 18.8 (1 Week)

Thanks and Regards

MarketPulse S&P